Coin overview
J
Ended--
Last price (USDT)
491.27K
24h total (USDT)
1.05M
Total vol (USDT)
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
Trading time (UTC+0)
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Trump Signs Landmark Crypto Legislation, Credits Bitcoin Surge
Key Points: Trump’s crypto legislation influences Bitcoin’s market surge. His administration aims for US crypto leadership. Impact includes institutional investments and regulatory clarity. Trump Signs Landmark Crypto Legislation, Credits Bitcoin Surge Donald Trump signed a landmark cryptocurrency law, claiming responsibility for Bitcoin’s surge, asserting the U.S. aims to lead digital assets, impacting global crypto markets. The legislation promises regulatory clarity, fostering investment and bullish sentiment, with potential shifts in capital flows to the U.S. Donald Trump recently signed landmark cryptocurrency legislation, significantly impacting the digital asset market. His administration’s efforts to make the US a leader in digital assets have been pivotal in shifting market dynamics and influencing sentiment. President Trump is fulfilling his campaign promise to position America as the global leader in cryptocurrency. President Trump, who was initially critical of digital currencies, has pivoted by endorsing pro-crypto policies. He enacted the GENIUS Act to propel the US to the forefront of global crypto leadership by providing regulatory clarity. The legislation has already led to increased institutional involvement and capital flows into crypto markets. The administration’s steps have provided much-needed regulatory guidance, especially for cryptocurrencies like Bitcoin and stablecoins. Financial implications are significant as the GENIUS Act emphasizes large-scale investment and innovation. Regulatory clarity is expected to attract trillions in demand for US Treasuries linked to stablecoin reserves. Market response has been positive, signaling potential long-term shifts within the industry. Experts suggest the legislation may enhance digital asset integration within traditional finance frameworks. As the US establishes a government Bitcoin reserve, implications for future regulatory and technological advances are vast. Analysts anticipate robust growth in digital assets, leveraging historical precedents and market trends. Donald J. Trump, President, United States, “This could be perhaps the greatest revolution in financial technology since the birth of the Internet itself” referring to stablecoins: Trump signs Genius Act into law for innovation .
Are US Dollar Stablecoins Undermining Europe’s Monetary Sovereignty?
ECB warns US dollar-backed stablecoins threaten the euro’s monetary sovereignty. Schaaf urges Europe to adopt euro-pegged stablecoins and improve global regulation. ECB pushes for digital euro and DLT projects to strengthen Europe’s financial infrastructure. The European Central Bank (ECB) has raised a warning about the growing dominance of US dollar-backed stablecoins. The ECB believes this trend poses a serious threat to the euro’s monetary autonomy. Jürgen Schaaf, an adviser to the ECB, stressed that the rise of dollar-pegged stablecoins challenges Europe’s ability to influence its financial policies effectively. Schaaf argued that a central bank digital currency (CBDC) alone will not be enough to counter the impact of dollar-backed stablecoins. He recommended a more strategic approach, including the use of euro-pegged stablecoins, to combat this issue. These stablecoins could offer an alternative to US-backed digital currencies and help maintain the euro’s influence globally. ECB Urges Stronger Regulation In addition to euro-pegged stablecoins, Schaaf pointed to the need for better regulation. He called for more global coordination on stablecoin regulation to address the growing regulatory gaps between the US and the EU. These differences, Schaaf warned, may allow dollar-pegged stablecoins to expand unchecked, further strengthening their global position. While the digital euro is central to Europe’s strategy, Schaaf cautioned that it may not be enough to face the challenge posed by US dollar-pegged stablecoins. He emphasized the importance of a comprehensive strategy, which includes leveraging distributed ledger technology (DLT) applications to improve Europe’s financial infrastructure. DLT can enhance both domestic and cross-border payment systems. The ECB has already approved two DLT pilot projects—Pontes and Appia—designed to strengthen Europe’s wholesale and cross-border payment networks. Schaaf believes these projects can help Europe remain competitive against US dollar-backed stablecoins. The rise of US dollar-pegged stablecoins has become a major concern for European policymakers. The concern grew after an executive order by US President Donald Trump, which aimed to increase the US dollar’s global dominance. Since then, dollar-pegged stablecoins have grown quickly, which could undermine Europe’s financial independence. Euro-Pegged Stablecoins for Financial Stability According to Schaaf, the EU needs to take a prompt move to safeguard its monetary independence. He suggested that Europe should focus on the creation of euro-pegged stablecoins. Such euro-backed stablecoins may create an alternative, competitive line of US dollar-pegged stablecoins and support euro international financial reputation. Slow pace adoption of euro-pegged stablecoins has been seen despite the efforts of the EU through its MiCA regulation. Past research has revealed that circulation of such stablecoins has been minimal. To speed up acceptance, to serve market needs well and reduce financial risks, the euro-pegged stablecoins should meet high standards. Related: 21Shares Taps Societe Generale to Boost EU Crypto ETP Liquidity Stablecoins supplied by Euro may bring equilibrium in the digital currency market. They would protect the presence of the euro on the international financial market, offering a reliable alternative to stablecoins backed by the US. Nevertheless, Europe needs to develop a powerful regulation system and promote its use in order to make them successful. The digital euro has also kept focus on the reactions to the rising dominance of US stablecoins. Schaaf considers digital euro as a means to ensure financial independence of the eurozone. However, he considers that the digital euro needs to be included into a more comprehensive approach which also promotes innovation in the private sector and the adoption of the DLT applications. The digital euro forms part of Europe as a counter to the US stablecoins. Some ECB officials, such as Piero Cipollone, believe that it has the potential to save the monetary sovereignty of the eurozone. Nonetheless, since going into its “preparation phase” in November 2023, the ECB is still undecided on whether it will launch and may be expected to reach a decision by the end of 2025. The growing dominance of US dollar-backed stablecoins poses a significant threat to the euro’s monetary sovereignty. Europe needs to take immediate and resolute measures in order to safeguard their financial independence. Euro-pegged stablecoins, the digital euro, and stronger regulation will protect Europe as these steps are vital in a rapidly changing global market. The post Are US Dollar Stablecoins Undermining Europe’s Monetary Sovereignty? appeared first on Cryptotale.
ECB senior official warned that U.S. dollar stablecoins threaten local monetary policy control
The growing use of U.S. dollar stablecoins in Europe could weaken the ECB’s ability to manage the eurozone economy, according to Jürgen Schaaf, an adviser in the ECB’s market infrastructure and payments division. The European Central Bank continues to express concerns over the increasing dominance of U.S. dollar-backed stablecoins, stating that the widespread adoption in the Euro area could threaten Europe’s monetary sovereignty. Dollar-linked stablecoins pose a risk to the eurozone Jürgen Schaaf, an adviser in the ECB’s market infrastructure and payments division, stated that the eurozone might experience a “dollarized” economy, limiting policymakers’ ability to manage monetary policy effectively. Stablecoins have grown into a $250B market globally. The majority of them are linked to the U.S. dollar, dominating crypto trading volumes worldwide. Schaaf warned that this trend, together with political support for stablecoins in the U.S., will tilt the balance further in favor of the United States, potentially reducing the eurozone’s borrowing costs and increasing its financing costs. The ECB official warned that stablecoins can potentially cause financial stability risks. If a major stablecoin experiences a sudden collapse, the shock could spread through the financial system. The anonymity associated with many of these coins also make them attractive for illicit transactions. He pointed out the potential implications for the traditional banking sector as well, stating that if private stablecoins begin to offer interest bearing accounts, deposits will be diverted from commercial banks causing a decline in the banks’ ability to extend credit and perform their role in the economy. See also Bitcoin-loving Strategy ups equity sale to $2 billion, quadrupling original plan The Bank for International Settlements (BIS) shared similar concerns, arguing that stablecoins “perform badly” as money due to the absence of efficient safeguards, regulatory oversight, and flexibility needed for credit creation. The digital euro is a shield against private stablecoins To counter the influence of these dollar-linked stablecoins and protect the eurozone’s financial autonomy, the ECB is fast-tracking plans for its own central bank digital currency (CBDC) called the digital euro . Unlike stablecoins, the digital euro will be issued directly by the ECB and anchored in public trust. The ECB’s proposal aims to combine the efficiency of digital payments with the reliability of central bank money. With U.S. dollar stablecoins gaining traction in both decentralized finance and mainstream fintech platforms, Schaaf argued that the ECB must act decisively to establish the digital euro, as it will function as a strategic tool to prevent dependence on foreign currencies and digital infrastructures. Schaaf maintains that Europe cannot afford to let its financial system be restructured by foreign private interests. He also insists that the ECB must remain alert and proactive in guiding price stability and monetary control in the eurozone. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage See also Crypto microloans surge amid Trump-driven market revival
US-EU Tariff Agreement Spurs Crypto Market Reaction
Key Points: US and EU reach tariff agreement preventing escalation. Bitcoin experiences a 2% price increase. No major disruptions in DeFi or institutional movements. US-EU Tariff Agreement Spurs Crypto Market Reaction The United States and European Union reached a tariff agreement on July 27, 2025, introducing a 15% tariff on EU goods entering the US, announced by leaders in Washington. The agreement prevents immediate tariff escalation, influencing the crypto market with a slight upturn, notably a 2% rise in Bitcoin, reflecting broader macroeconomic impacts. Lede: The US and EU have reached a tariff agreement introducing a 15% tariff on EU imports. The deal averts the impending escalation deadline, sparking moderate but positive market movement, with Bitcoin experiencing a 2% surge. President Donald J. Trump and European Commission President Ursula von der Leyen negotiated the deal . Key policy clarifications were given by Secretary of Commerce Howard Lutnick, emphasizing the US’s firm stance on tariff deadlines. Impact on the Crypto Market Immediate impacts include a 2% rise in Bitcoin, demonstrating initial positive sentiment in the crypto market. Other large-cap cryptos such as Ethereum saw minor upward momentum, though not as marked as Bitcoin’s increase. “The EU will purchase $750 billion worth of energy from the United States, as well as $600 billion more in additional investments in the country.” — Donald J. Trump, President, United States The agreement leads to substantial economic engagement, with the EU committing $750 billion in US energy purchases. This development highlights the geopolitical and economic seriousness of bolstering transatlantic trade relations. Historical Context and Future Implications Historical precedent during the 2018-2020 US-China trade war shows crypto acting as a hedge asset. The market often sees temporary volatility with such developments but stabilizes swiftly thereafter, reflecting macroeconomic sentiment. Potential outcomes include financial and regulatory repercussions. The agreement could stabilize trade relations, reducing market uncertainties. Continuous observation of on-chain data will be important to gauge the impact on digital currencies like Bitcoin and Ethereum.
Bitcoin Gains Recognition as Mortgage Asset in the U.S.
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Bitcoin seen as a mortgage asset. Potential shift in Bitcoin’s market status. Bitcoin Gains Recognition as Mortgage Asset in the U.S. The Federal Housing Finance Agency recently directed U.S. housing finance entities to consider Bitcoin as a qualifying asset for mortgages, highlighting its growing role in traditional finance. Insight from Changpeng Zhao Changpeng Zhao, former CEO of Binance, emphasized the significant potential of Bitcoin, suggesting its future value could surpass that of a U.S. home: “The current American Dream is to own a home. The future American Dream will be to own 0.1 BTC, which will be more than the value of a house in the US.” Source William J. Pulte directed major housing agencies to integrate Bitcoin in asset qualification. The housing and cryptocurrency markets may be substantially influenced by the FHFA’s proposal to recognize Bitcoin as a mortgage asset. This could lead to increased demand for Bitcoin , impacting its valuation and market dynamics. Experts predict Bitcoin’s market adoption to surge following its potential recognition in mortgage applications. This reflects a shift in its role from a speculative asset to a recognized financial instrument. Potential Market Changes If Bitcoin becomes widely accepted in mortgage qualifications, the demand could drive prices up. Such support could lead to significant changes in financial regulation, expanding market appeal for digital assets. Industry insiders anticipate broader implications of Bitcoin’s potential inclusion in mortgage finance, possibly driving technological advancements and influencing regulatory policies. Historical trends show Bitcoin’s significant price movements following similar precedents in institutional acceptance. Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.
World Liberty Financial is partnering with Vaulta to jointly pioneer a new era of Web3 banking.
World Liberty Financial ("WLFI") and Vaulta announced today a strategic partnership aimed at accelerating the adoption of Web3 banking in the United States. This collaboration will integrate Vaulta's native assets into WLFI's macro strategic reserve and incorporate WLFI's USD1 stablecoin into Vaulta's Web3 banking solution, enabling users to more easily manage, grow, and protect their assets in the decentralized ecosystem. World Liberty Financial is inspired by President Donald J. Trump's vision of "Empowering the American Economy" and is dedicated to promoting a decentralized financial model to expand access to advanced financial tools. Meanwhile, Vaulta focuses on compliance, institutional partnerships, and building scalable technology, establishing itself as a leading force in the Web3 banking sector. "USD1 is rapidly becoming the preferred stablecoin for institutions and real-world payment channels, and our partnership with Vaulta is another significant step forward," said World Liberty Financial Co-Founder Zak Folkman. "WLFI and Vaulta share a common vision: to build a bridge between traditional finance and DeFi. By integrating USD1 into Vaulta's Web3 banking infrastructure, we are making decentralized finance more practical, compliant, and accessible to both retail and institutional users." Vaulta Foundation Founder and CEO Yves La Rose stated, "Partnering with World Liberty Financial is a key milestone for Vaulta as we redefine the future of Web3 banking. Both Vaulta and WLFI believe that a more open and transparent financial system must rely on the tokenization of real-world assets and seamless payment capabilities. This collaboration brings us closer to achieving this shared goal." Through this partnership, WLFI and Vaulta will enhance market liquidity, expand on-chain access to real-world assets, and further narrow the gap between traditional finance and decentralized platforms. This strategic alliance demonstrates both parties' commitment to the widespread adoption of stablecoins, DeFi, and Web3 banking, aiming to create a more inclusive, innovative, and accessible financial future. About Vaulta Vaulta is a high-performance banking operating system that provides developers and enterprise users with ultimate speed, reliability, and flexibility. As a gateway to the Bitcoin ecosystem and a pioneer in decentralized data management, Vaulta is reshaping the financial infrastructure through solutions such as Vaulta EVM and exSat, supporting instant finality, cross-chain communication, and industry-leading low transaction costs. Vaulta's vision is to drive the emergence of the next-generation financial system and usher in the future of Web3 banking. About World Liberty Financial World Liberty Financial (WLFI) is a cutting-edge decentralized financial protocol and governance platform, inspired by the advocacy of President Donald J. Trump. WLFI is committed to developing transparent, secure, and accessible financial tools, including institutional-grade products designed to expand decentralized financial participation. The stablecoin USD1 launched by WLFI can be redeemed for US dollars on a 1:1 basis, backed 100% by short-term US Treasury bonds, cash, and cash equivalents.
Trump DOJ Seeks Epstein Grand Jury Testimony Release
Key Takeaways: DOJ seeks release of Epstein grand jury testimony. Court approval is pending. No direct crypto market impact noted. Trump DOJ Seeks Epstein Grand Jury Testimony Release The event highlights potential transparency in legal proceedings amid public interest but has not affected financial markets or crypto. The Justice Department , led by Attorney General Pam Bondi and Deputy Attorney General Todd Blanche, has filed a motion seeking to release Epstein’s grand jury testimonies. Public attention remains high despite no significant market shifts noted. Both officials emphasize the commitment to redacting sensitive information like victim identities. Trump noted via Truth Social that court approval is necessary and hinted at skepticism regarding responses from certain groups. “I have asked the Justice Department to release all Grand Jury testimony with respect to Jeffrey Epstein, subject only to Court Approval. With that being said, and even if the Court gave its full and unwavering approval, nothing will be good enough for the troublemakers and radical left lunatics making the request. It will always be more, more, more.” – Donald J. Trump. Experts, including Amy Krissoff, have weighed in stating that the testimonies may not reveal much new information given existing public knowledge. The DOJ has pledged to protect victims’ rights. This move is seen primarily as a transparency effort amid intense public scrutiny. The transparency push in the Epstein case seemingly remains contained within the legal sphere, without extending into digital asset markets or affecting cryptocurrencies like BTC or ETH. Historical patterns show similar events brought media focus but not market disruption. Future implications could involve potential shifts in public policy or precedents in legal transparency without a direct crossover into the crypto space.
Real Bedford FC Owner Launches Personal Police Initiative Against Crime
Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack announced plans to personally fund a private security force in his hometown of Bedford, UK. According to Cointelegraph, McCormack will deploy 10 security guards to patrol Bedford's town center every Saturday throughout August 2025. The initiative comes after McCormack publicly criticized local police for failing to address rising crime rates. McCormack stated on social media that Bedford has experienced increased "aggressive begging, shoplifting, and harassment" which has driven away shoppers and forced store closures. The Bitcoin advocate warned police before announcing his plan, claiming they were not delivering adequate protection for residents and businesses. McCormack has hired guards from Bedford-based security firm Belmont Guard to patrol high-traffic areas and monitor car park entrances. The uniformed personnel will focus on visibility and deterrence while operating within citizen's arrest powers when necessary. Local officials have dismissed the plan as a "political stunt," according to Bedford Independent. Why This Security Initiative Matters McCormack's private security deployment addresses real concerns affecting Bedford's economic health. The town center has experienced declining foot traffic and business closures due to safety concerns. Women report feeling unsafe, and families avoid the area during peak hours. This creates a negative cycle where reduced activity leads to further deterioration of the commercial district. The initiative represents a significant personal investment from McCormack, who is spending over £10,000 on the pilot project. As owner of multiple Bedford businesses including Real Coffee and the Auction Room cocktail bar, McCormack has direct financial stakes in the town center's success. His involvement extends beyond podcasting into local economic development through Real Bedford FC and various commercial ventures. We recently reported that state governments across America are establishing Bitcoin reserves as forward-thinking financial strategy. McCormack's proactive approach to community safety reflects similar individual responsibility principles that drive Bitcoin adoption among those seeking alternatives to traditional institutional solutions. The legal framework surrounding McCormack's security guards remains unclear. UK law prohibits vigilantism, but private security operating within legal boundaries can serve valuable roles. The guards may function primarily as informants, gathering evidence and footage to support police investigations rather than taking direct enforcement action. Industry Implications For Private Security Growth McCormack's Bedford initiative reflects broader trends in the rapidly expanding private security sector. The global private security market reached $235.37 billion in 2023 and projects growth to $385.32 billion by 2032, according to Fortune Business Insights. Cities worldwide increasingly rely on private firms to supplement stretched public law enforcement resources. Lieutenant Eric J. Altorfer of the San Francisco Police Department noted that police staffing shortages have led communities to turn to private security firms. This trend accelerated following budget constraints and evolving security threats. Private firms now provide specialized services that complement traditional policing, from surveillance technology to crowd management. The cryptocurrency community's involvement in local security initiatives may set new precedents. Bitcoin advocates often champion individual responsibility and private solutions over government dependency. McCormack's approach demonstrates how cryptocurrency wealth can fund community improvements when public services face limitations. Professional security services have evolved beyond basic guarding to include advanced surveillance systems, threat assessment, and emergency response coordination. Modern private security operates through partnerships with law enforcement rather than replacement of police functions. Success depends on clear communication protocols and defined operational boundaries. The Bedford pilot program could influence other cryptocurrency entrepreneurs to fund similar community initiatives. Private security deployment by wealthy individuals raises questions about equality of protection and potential for creating two-tiered safety systems. However, supporters argue that private funding can supplement rather than replace public services during resource shortages. Market data shows increasing demand for private security in urban centers experiencing crime increases. The sector benefits from technological advances including AI-powered surveillance, drone monitoring, and real-time communication systems that enhance effectiveness while reducing costs for clients seeking comprehensive protection solutions.
Trump’s Tariff Concerns Recede, Crypto Market Reacts
Key Points: US President Donald Trump deescalates tariff threats. Bitcoin hits highs as safe-haven asset demand rises. Stablecoins see increased international payment use. Trump’s Tariff Concerns Recede, Crypto Market Reacts Lede: President Trump’s recent actions indicate a reduction in market volatility due to diminishing tariff concerns, particularly impacting cryptocurrency sectors. Nut Graph: Recent tariff adjustments by President Trump have led to notable market reactions, with decreased volatility in the cryptocurrency sector as concerns wane. President Donald J. Trump recently extended tariffs while introducing new reciprocal rates, impacting international market dynamics. Trade negotiations and tariff notifications are ongoing, with details from the White House highlighting pending adjustments. The market initially saw volatility spikes, with cryptos like Bitcoin reaching all-time highs amid geopolitical uncertainties. Stablecoins gained prominence for cross-border payments, reflecting a shift toward stability in digital currencies. These changes indicate a broader impact on financial markets and economic strategies globally. Political and trade negotiations continue influencing market dynamics, with tariff tensions partially affecting cryptocurrency trading behavior. Historically, Trump’s tariff policies have influenced both traditional and digital markets by instigating temporary shifts. The potential for further financial and regulatory implications remains, with significant attention to tariff enforcement. According to Ben Ritchie, Managing Director of Alpha Node Global, “The market appears to have priced in tariff tension to some extent but sentiment remains fragile. As a result, headlines related to tariffs or trade tensions can still trigger some outsized reactions, especially among short-term or weak-handed investors.” Insights reveal possible outcomes for financial sectors as trade dynamics evolve. Bitcoin’s non-sovereign nature continues to position it as a preferred hedge during uncertain geopolitical climates. Stablecoins’ functional role in global trade underscores their growing importance.
Bitcoin Dips Below $120,000 Amid Profit-Taking Activities
Key Takeaways: Bitcoin price drop, driven by institutional ETF flows. Traders target $130,000 despite recent correction. Potential bubble concerns amid market volatility. Bitcoin Dips Below $120,000 Amid Profit-Taking Activities Bitcoin experienced a brief dip below $120,000 following substantial institutional profit-taking and ETF inflows, igniting varied responses among investors. The event highlights the impact of institutional investment in Bitcoin, with profit-taking contributing to temporary price fluctuations and maintaining key interest levels. Bitcoin’s brief drop below $120,000 was linked to heavy selling pressure prompted by profit-taking activities among institutional investors. Notably, BlackRock’s Bitcoin ETF garnered over $2.4 billion in inflows last week. CryptoQuant analyst Tarek J suggested the dip wasn’t spurred by negative news but by market participants realizing gains. The price of Bitcoin moved from a record peak of $123,218 to as low as $118,871, while its market capitalization touched $2.44 trillion, reflecting sharp changes driven by market activities. Key players in the cryptocurrency market, including macro strategists like Adam from Greeks.live, observed sustained optimism, with many awaiting Bitcoin’s rise to the $130,000 resistance level. Meanwhile, Ethereum reflected similar volatility, dipping below the $3,000 threshold, while most major altcoins saw modest declines of 2–3%. The swift ETF inflows and subsequent profit-taking have characterized recent market movements. The absence of significant regulatory changes or direct statements from influential figures suggests the pullback is a function of market liquidity dynamics rather than structural concerns. Market behaviors continue to be shaped by ETF interactions, impacting major cryptocurrencies and suggesting potential short-term consolidation in Bitcoin’s price action as it nears new highs. These trends indicate ongoing volatility but underscore strong institutional demand.
Even retail demand is now outpacing Bitcoin supply: Bitfinex
New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin. “Currently, the combined balance of these cohorts is expanding at a rate of approximately 19.3K BTC per month,” Bitfinex analysts said in a markets report on Monday. Smaller Bitcoin investors “relentlessly accumulating” The analysts pointed out that the Shrimp (<1 BTC), Crab (1–10 BTC), and Fish (10–100 BTC) Bitcoin ( BTC ) holder groups are growing their Bitcoin portfolio much faster than the current monthly issuance rate, which has been around 13,400 BTC since the April 2024 halving. “Demand from this segment alone is more than enough to absorb all new supply,” they said, adding that they are consistently buying no matter the price: “This cohort-level accumulation trend supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers and are relentlessly accumulating with limited intervals.” The aggressive accumulation comes as Bitcoin continues to set new all-time highs. On Monday, Bitcoin reached a new all-time high of $122,884 before retracing to $119,860 at the time of publication, according to CoinMarketCap data. Bitcoin is up 13.87% over the past 30 days. Source: CoinMarketCap Despite the bullish momentum, some warn of potential volatility ahead. Redstone co-founder Marcin Kazmierczak told Cointelegraph that while many crypto analysts are now calling for short-term Bitcoin targets as high as $140,000, “history teaches us that parabolic moves often invite sharp corrections.” Rising sentiment “warrants careful position sizing” Kazmierczak pointed to the large number of leveraged positions wiped out in the past 24 hours as a reminder that “volatility remains Bitcoin’s constant companion.” Nearly $430 million in Bitcoin shorts were liquidated as the price surged past $121,000, according to CoinGlass data. Related: ‘Don't get trapped!' Bitcoin price analysis sees dip with $118.8K in focus He said investors should approach upcoming Bitcoin price milestones with caution, not euphoria, warning that rising sentiment “warrants careful position sizing.” Source: Michael J. Kramer The Crypto Fear & Greed Index , which measures overall market sentiment, posted a “Greed” score of 74 on Monday, marking the fifth consecutive day in Greed. Santiment analyst Brian Quinlivan recently warned that while rising sentiment may seem positive, similar spikes in trader optimism were followed by Bitcoin price drops on both June 11 and July 7. Meanwhile, crypto trading firm QCP Capital said , “Bitcoin’s relentless rally shows no signs of fatigue, surging past $122K as momentum accelerates.” Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users
Analysis: Profit-Taking Surges After Bitcoin Rises to $123,000, Signaling a Potential Healthy Correction
According to a report by Jinse Finance, CryptoQuant analyst Tarek J stated on social media that based on Bitcoin exchange net flow data, there has been a surge in profit-taking after Bitcoin reached a high of $123,000. This trend typically signals the formation of a local top and may lead to a healthy correction or consolidation in the coming days.
German finance minister says EU must hit back if US tariff talks fail
Lars Klingbeil, Germany’s Vice Chancellor and a Federal Minister of Finance, said on Sunday, July 13, that the EU has to take strong action in the face of an escalation in the global trade war. That is, if tariff negotiations fail to ease tensions. President Donald Trump had announced a 30% tariff threat on imports from Mexico and the European Union to take effect on August 1. This came after weeks of working-level discussions with the big US trading partners ended without comprehensive trade agreements . The threat has sparked a strong response from German politicians and business leaders. Klingbeil highlights that all they want is a “fair agreement” with the US Trump’s tariff policy has largely threatened Germany , Europe’s largest economy, with much to lose as a big exporter to the United States. The country mainly exports vehicles and auto parts, machinery, and pharmaceuticals to the nation. Germany sold 161 billion euros, about $188 billion worth of goods, to the United States in 2024. Moreover, data from the German government revealed a trade surplus of nearly 70 billion euros. In an interview with the German newspaper Sueddeutsche Zeitung, Klingbeil responded to Trump’s tariff policy, mentioning that if they could not reach a fair agreement with the US, they would have to take strong actions to protect European jobs and businesses. See also US Secretary of State Rubio and China’s Wang hold talks in Malaysia amid trade tensions According to him, their offer of cooperation is still open, but they will not agree on everything. The finance minister also stated that Trump’s tariff policy would only create losers and urged for a reduction in the conflict, which he claimed could endanger the American economy just as much as it affects European companies. Klingbeil then concluded that no one wants new threats or provocations right now. What they really need, according to him, is for the EU to keep engaging in serious and focused talks with the US. He added that Europe stands united and determined: they only want a fair agreement. Jürgen Hardt, a deputy head of Chancellor Friedrich Merz’s conservative CDU/CSU parliamentary faction in the Bundestag, also commented on the situation. He expressed his optimism about more negotiations between the EU and Washington, especially in the era of higher tariffs being postponed. Hardt also demonstrated his confidence that the two nations involved will see at least a partial agreement and another delay before the August 1 deadline. After all, he added that American citizens and companies end up paying those high tariffs, which causes prices to rise and leads to inflation in the US. Bernd Lange refers to Trump’s 30% tariff on the EU’s imports as “ bold and disrespectful” Bernd Lange, a Member of the European Parliament’s trade committee, made known the EU’s trade negotiations with Washington, which have been going on for over three weeks. He said the EU had been negotiating harder and had already made compromises. See also Copper prices surge in U.S. following Trump's 50% tariff hike He also noted that the bloc had paused all countermeasures after the US introduced an initial 20% tariff on European imports in April. Afterwards, Lange told reporters that raising the tariffs on European goods from 20% to 30% was bold and disrespectful. Based on his argument, this is a serious setback for ongoing negotiations , and he stated that this approach is inappropriate for dealing with an important trading partner. Lange emphasized that Europe needs to clearly communicate that these “unfair trade practices” are unacceptable. He mentioned that they have delayed the initial phase of their counteractions, but he strongly believes they should be put into action immediately. According to him, the first set of countermeasures should start on Monday, July 14, as planned, and the second set should follow soon after. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
$118,802,832 Worth of Gold Bullion Seized From Top Mining Firm After African Nation’s Military Junta Expands Power: Report
Gold mining giant Barrick has reportedly had over a hundred million dollars in gold seized by state helicopters in Mali, where it has a mine. Last week, the West African nation’s military junta leader Assimi Goïta granted himself a five-year presidential mandate, renewable “as many times as necessary” without election, reports France 24. The military coup d’état of 2021 in Mali has wreaked havoc for the Canadian gold mining firm, with the company dealing with legal battles, the alleged unlawful arrest of its employees and the seizure of nearly four tons of gold. Just last week, the military junta showed up to unexpectedly seize $118.802 million worth of the precious metal at the company’s mine in Loulo-Gounkoto. Says Barrick in an update , “Government helicopters landed unannounced at Loulo-Gounkoto and took over one tonne of gold potentially for sale by the provisional administrator – though that remains to be seen and the situation is evolving. Through this entire process, Barrick has continued and continues to engage in negotiations through all available channels to resolve the dispute, but the deadlock remains.” Jeremiah Enoch, an associate strategy and risk adviser at the London-based J.S. Held Ltd, tells Bloomberg that gold is Mali’s main source of foreign exchange, so securing revenue from it “with or without Barrick, is strategically important.” “The broader context suggests the proceeds may also be used to fund urgent national priorities, including security and fiscal needs.” Generated Image: Midjourney
$1,000,000,000,000 in T-Bills About To Flood Money Markets As Treasury Looks To Replenish Cash Balance: Report
Money market funds are reportedly gearing up for a big wave of new Treasuries to hit the market as the US government looks to stock up on cash. Over a trillion dollars worth of T-bills are expected to be issued in the next one to one and a half years as the Treasury positions itself to address a massive fiscal deficit, Reuters reports . On the demand side, money market funds reached a record $7.4 trillion in assets last month as investors looked to lock in higher returns before a potential rate cut from the Federal Reserve later this year or next year. As Deborah Cunningham, CIO for global liquidity markets at Federated Hermes told Bloomberg, “Five-percent-plus rates were nirvana, four-percent-plus is still very good — and if we dip down into the high threes, that’s quite acceptable as well.” According to Reuters, J.P. Morgan Chase, Barclays, and TD Securities have estimated new issuance of T-bills to hit somewhere between $900 billion and $1.6 trillion over the next 18 months, a jump in forecast after the recent debt ceiling resolution. However, in a new CNBC Television interview, ex-Bridgewater Associates chief investment strategist Rebecca Patterson warned that the market for US debt will soon hit a rough spot. “I think there are three main things driving the dollar [devaluation]. One is slightly lower frontend rates, interest rates over this period because currencies trade on rate differentials. But I think more importantly and what’s different this time is that you’re seeing both re-allocation out of the US both by Americans diversifying and foreigners pulling back slightly. And then third and really importantly is hedging. So let’s say I’m a large overseas pension fund, and I have a tech equity exposure, and I want to keep it because I believe in the structural story, but I’m nervous about the dollar, I’m nervous about the Fed’s independence, I can hedge out that currency risk. So even if money stays in US equities, which helps explain where we are today, you can still see that dollar weakness.” Susan Hill, senior portfolio manager and head of the government liquidity group at Federated Hermes, said that while the expected T-bill issuance appears large, the firm welcomes it and “feel that we will have no trouble accommodating it.” Generated Image: DALLE3
Ethereum Open Interest: Unpacking the Stunning New All-Time High
The cryptocurrency world is abuzz with significant news: Ethereum Open Interest has just hit an unprecedented new all-time high. This isn’t just a number; it’s a powerful indicator reflecting the growing engagement and anticipation surrounding the second-largest cryptocurrency. For anyone invested in the digital asset space, understanding what this surge in ETH futures means is absolutely crucial for informed decision-making. What Exactly is Ethereum Open Interest? Before we dive into the implications of this record-breaking event, let’s clarify what ‘Open Interest’ actually means. In the simplest terms, Open Interest (OI) represents the total number of outstanding derivative contracts, such as futures or options, that have not yet been settled. Unlike trading volume, which counts the number of contracts traded over a specific period, OI measures the total number of active contracts currently held by market participants. For ETH futures, a rising Open Interest indicates an increasing amount of money flowing into these contracts, suggesting more participants are entering the market or existing ones are increasing their positions. Think of it like this: if you open a new futures contract, the Open Interest goes up by one. If you close an existing contract, OI goes down. When someone else takes the opposite side of your trade, they are simply taking over an existing contract, so OI remains unchanged. This metric provides a clearer picture of market liquidity and the overall commitment of traders. The Record-Breaking Surge: Insights from CryptoQuant The news that has sent ripples across the market comes from a reputable source. As pointed out by CryptoQuant Analyst J.A. Maartunn on X, Ethereum futures Open Interest has soared to a staggering new all-time high of 8,060,259 ETH. This figure is not merely a statistical anomaly; it represents a significant escalation in market participation and capital allocation towards Ethereum derivatives. This particular data point from CryptoQuant, a leading on-chain analytics platform, adds substantial credibility to the observation, as their analysis often provides deep insights into market dynamics and trader behavior. This level of OI signifies that more Ether is currently locked up in futures contracts than ever before. To put this into perspective, at Ethereum’s current price (which fluctuates), 8,060,259 ETH represents billions of dollars in committed capital. Such a massive influx of capital into derivatives markets typically precedes periods of heightened volatility and potentially significant price movements, making it a critical metric for any comprehensive crypto market analysis. Why is Ethereum Futures Activity Surging to an All-Time High? Several factors could be contributing to this unprecedented surge in Ethereum Open Interest. Understanding these drivers is key to interpreting the market’s current sentiment and potential future trajectory: Anticipation of Spot ETH ETFs: One of the most significant catalysts is the growing speculation around the approval of spot Ethereum Exchange-Traded Funds (ETFs) in major markets like the United States. Following the success of Bitcoin spot ETFs, many believe that an ETH equivalent is a matter of ‘when’ not ‘if’. Such an approval would open the floodgates for institutional capital, significantly boosting demand and legitimacy for Ethereum. Traders are likely positioning themselves in ETH futures to capitalize on potential price appreciation. Network Upgrades and Development: Ethereum continues to evolve with significant network upgrades on its roadmap, such as the Dencun and upcoming Pectra upgrades. These upgrades aim to improve scalability, security, and efficiency, making the network more attractive for decentralized applications (dApps) and enterprise solutions. Continuous development fosters confidence among investors and traders. Broader Crypto Market Sentiment: The overall bullish sentiment across the wider crypto market, often led by Bitcoin’s performance, naturally spills over to other major cryptocurrencies like Ethereum. When confidence in the asset class is high, more capital flows into various segments, including derivatives. Institutional Interest: Beyond ETFs, traditional financial institutions are increasingly exploring ways to gain exposure to Ethereum. Futures contracts offer a regulated and accessible way for these entities to participate without directly holding the underlying asset. Leverage Trading Trends: Retail and professional traders alike often use futures to amplify their exposure to price movements. A high OI can sometimes indicate an increase in leveraged positions, which can lead to rapid price swings if the market moves unexpectedly. Interpreting the All-Time High: Bullish or Bearish Signal? While an All-Time-High in Open Interest might intuitively sound bullish, the reality is more nuanced. High OI can be interpreted in a few ways, and its true implication often depends on accompanying factors like price action and funding rates: Potential for Continued Trend: If price is rising alongside increasing OI, it often signals strong conviction behind the upward movement. New money is entering the market, supporting the current trend. This suggests a healthy, sustainable rally. Increased Volatility Risk: Conversely, a very high OI, especially when combined with high funding rates (cost of holding long positions), can indicate an overheated market. It means a large number of leveraged positions are open, making the market susceptible to sharp corrections or ‘long squeezes’ if prices start to fall. A small downward movement could trigger liquidations, leading to a cascade effect. Accumulation or Distribution: High OI can also represent significant accumulation by long-term holders or institutions, or it could be a sign of distribution where large players are offloading their positions to new entrants. Distinguishing between these requires deeper crypto market analysis, often looking at on-chain data and order book depth. For a complete picture, it’s essential to monitor the funding rates for ETH futures. Positive funding rates indicate that long position holders are paying short position holders, suggesting bullish sentiment and demand for long positions. Extremely high positive funding rates, however, can signal over-leveraged long positions and a potential for a correction. Challenges and Risks Associated with High Open Interest While the surge in Ethereum Open Interest highlights strong market interest, it also brings certain challenges and risks that traders and investors must be aware of: Liquidation Cascades: The most significant risk associated with high leveraged OI is the potential for liquidation cascades. If the price moves against a large number of leveraged positions, automated liquidations can trigger a rapid downward spiral, exacerbating price drops. Increased Volatility: A market with high OI is often more volatile. The sheer volume of outstanding contracts means that any significant price movement can be amplified as traders adjust their positions or get liquidated. Market Manipulation: While less common in highly liquid markets, very high OI can sometimes be exploited by large players attempting to trigger liquidations and profit from the ensuing volatility. Complexity for New Traders: For those new to derivatives, interpreting high OI and its implications can be complex. It requires a nuanced understanding of market structure and risk management. Actionable Insights for Traders and Investors Given the current landscape of record-high Ethereum Open Interest, what should traders and investors do? Here are some actionable insights: Monitor Funding Rates: Always pair your OI analysis with funding rates. Extremely high positive funding rates might suggest it’s time to be cautious, as a correction could be imminent. Watch Price Action Closely: Observe how price reacts to the high OI. Is it consolidating? Breaking out? A strong price trend accompanied by high OI is generally a healthy sign. Implement Robust Risk Management: Given the potential for increased volatility, strict risk management is paramount. Use stop-loss orders, manage your position sizing, and avoid over-leveraging. Diversify Your Portfolio: Don’t put all your eggs in one basket. While ETH futures offer opportunities, a diversified portfolio can help mitigate risks. Stay Informed with Analytics: Regularly check data from platforms like CryptoQuant and other on-chain analytics providers. These tools offer invaluable insights into market flows and participant behavior. Consider Long-Term vs. Short-Term Strategy: For long-term holders, short-term OI fluctuations might be less critical than fundamental developments. However, for short-term traders, this data is vital for tactical decisions. The Broader Impact on the Crypto Market Analysis Ethereum’s position as a foundational layer for decentralized finance (DeFi), NFTs, and various Web3 applications means that its market dynamics have a ripple effect across the entire crypto ecosystem. A significant surge in Ethereum Open Interest not only impacts ETH directly but also influences investor sentiment towards altcoins that are built on or closely related to the Ethereum network. It signals increased confidence in the smart contract platform’s future, potentially drawing more capital into the broader DeFi space and other Layer 2 solutions. Furthermore, strong performance and high interest in Ethereum can sometimes act as a leading indicator for the overall health of the altcoin market. When the second-largest cryptocurrency shows such robust activity, it often suggests a broader appetite for risk within the crypto sphere, which can benefit other digital assets as well. This makes monitoring ETH’s derivatives market a crucial part of any comprehensive crypto market analysis. Conclusion: A Pivotal Moment for Ethereum The new All-Time-High in Ethereum Open Interest is a clear signal of intense market focus and substantial capital flow into ETH futures. While this surge reflects strong conviction and potential for further price action, it also underscores the increased volatility and risks inherent in a highly leveraged market. As highlighted by CryptoQuant, this unprecedented level of engagement demands careful monitoring and a nuanced understanding of market dynamics. For traders and investors, staying informed, practicing diligent risk management, and combining OI analysis with other metrics will be key to navigating what promises to be an exciting, and potentially turbulent, period for Ethereum and the broader crypto market. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action.
Trump Announces 50% Tariff on Copper Imports
Key Points: 50% copper tariff implemented by President Trump for security reasons. Tariff takes effect on August 1, 2025. Potential impacts on construction, automotive, and electronics industries. Trump Announces 50% Tariff on Copper Imports In a significant policy shift, U.S. President Donald Trump announced a 50% tariff on copper imports, effective August 1, 2025. The decision follows a national security assessment. The tariff decision is significant due to its potential ripple effects across various industries reliant on copper, such as construction and renewable energy. Experts forecast increased costs and possible supply chain disruptions impacting production timelines and pricing structures. President Trump, known for using tariffs as a strategic policy tool, announced the copper tariff citing a “robust NATIONAL SECURITY ASSESSMENT.” The measure aligns with past policies targeting steel and aluminum to boost domestic production and secure critical materials. The tariff could lead to increased costs for industries dependent on copper, particularly construction, electric vehicle manufacturing, and semiconductors. Downstream industries might experience pricing adjustments as supply chains adapt to the new economic landscape. Donald J. Trump, President of the United States, said, “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary…” CBS News . Financial experts anticipate no immediate effects on cryptocurrencies like Bitcoin or Ethereum. However, indirect influences could emerge from altered mining equipment costs, should copper price hikes persist. Historically, tariffs on metals have temporarily spiked commodity prices, affecting manufacturing sectors. While the immediate impact on crypto markets is limited, potential long-term effects could arise from shifts in electronics supply chain strategies and pricing dynamics. Economic analysts continue to monitor these developments.
OPEC sees oil demand jumping 19% by 2050, and they’re betting on it
OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by 2050, up nearly 19% from today’s levels. That number is 3 million more than what the group said just last September. It dropped this projection in the latest World Oil Outlook, published Thursday. It says India will be the biggest driver of that demand, and President Donald Trump’s withdrawal from the Paris climate accord is part of the reason why fossil fuel use will keep rising. In the report, OPEC says: “The US withdrawal from the Paris Agreement will impact climate change negotiations and would most likely result in higher demand for hydrocarbons in general, and oil and gas in particular.” The group also claims that even a small increase in U.S. oil demand should be expected in the short term. Despite growing global pressure to phase out fossil fuels, the group is doubling down. It’s not considering a pivot to clean energy. It’s saying: more oil, for longer. OPEC fights the tide while forecasts tighten This view from OPEC puts it at odds with nearly every major energy forecaster. BP, Bank of America, the International Energy Agency, and Wood Mackenzie all say oil demand will peak in the next ten years. That’s mostly because China , which has been the world’s largest oil importer, is already cooling off. These forecasters believe slowing economic growth, improved fuel efficiency, and the global shift to renewables will cap demand. See also Bitcoin hits a new all-time high of $112,052 amid Nvidia-led stock rally But OPEC’s not buying it. Despite being isolated in its position, it recently started boosting crude supply again. On July 5, the group announced it would return 548,000 barrels a day of idled supply in August. That’s four times what it originally planned. The markets didn’t panic. Brent crude stayed near $70 per barrel in London this week, giving the cartel some fuel for its bullish call. Still, this wouldn’t be the first time it has missed. Its Vienna-based secretariat had predicted much higher oil demand in 2024, only to cut forecasts by 32% over six straight months. In 2023, it imposed deeper output cuts, insisting inventories were tight, but the squeeze never happened. Now, it is projecting oil consumption to rise 9% between 2024 and 2030. That’s the same estimate as last year. But this time, it is backing it with more long-term figures. The report says the growth will come mostly from road transport, petrochemicals, and aviation. And India is expected to take the lead, adding 8.2 million barrels a day by 2050. India and OPEC+ expected to dominate the growth While demand is expected to rise, OPEC says its influence will too. The OPEC+ alliance, which includes Russia, Kazakhstan, and other partners, will go from controlling 48% of the global oil market today to 52% by 2050. The shift is expected as production growth from other countries slows down. See also Cathie Wood doubles down on Elon Musk support amid Tesla's slow revival Meanwhile, outside OPEC’s report, the U.S. Energy Information Administration said on Wednesday that U.S. crude stocks rose last week, but gasoline and distillate inventories dropped. Gasoline demand shot up 6%, reaching 9.2 million barrels a day, a sign that American drivers aren’t going electric just yet. There’s more: oil prices slipped Thursday after President Trump announced new tariffs . Traders are worried this could slow the global economy and drag down demand. By 0052 GMT, Brent crude futures were down 22 cents to $69.97 a barrel, while U.S. West Texas Intermediate lost 27 cents, landing at $68.11 a barrel. But one area where demand isn’t slowing is the sky. J.P. Morgan, in a client note, said that global flight activity hit an all-time high during the first eight days of July, with 107,600 flights per day. Flights in China are back to levels not seen in five months. And freight traffic? Still growing, with ports and cargo hubs showing what J.P. Morgan called “sustained expansion” over last year’s numbers. OPEC is pushing against a wall of doubt, but it’s not blinking. It believes oil isn’t going anywhere, and the bloc is planning for a future where it’s needed even more than today. The rest of the world might call it denial. OPEC calls it a strategy. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Senator Warren Warns CLARITY Act May Allow SEC Evasion
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Warren warns about SEC oversight evasion through tokenization. Concerns about weakening securities laws with proposed bill. Senator Warren Warns CLARITY Act May Allow SEC Evasion The CLARITY Act and its Implications The CLARITY Act, introduced by Representative J. French Hill, could impact publicly traded companies like Tesla and Meta. During a committee hearing, Senator Warren suggested these companies might evade SEC regulations by tokenizing stocks on blockchains. The senator emphasized that the proposal could weaken existing securities laws by creating regulatory loopholes. The bill might enable ‘non-crypto companies’ to evade oversight by the U.S. Securities and Exchange Commission (SEC) through asset tokenization. Under the House’s proposal, publicly traded companies like Meta or Tesla could potentially circumvent SEC regulation by placing their stocks on the blockchain. — Senator Elizabeth Warren, U.S. Senate Banking Committee The potential evasion of SEC oversight via the CLARITY Act has not yet caused significant market disturbances for cryptocurrencies like Bitcoin and Ether. However, Senator Warren’s statement could prompt market speculation regarding regulatory arbitrage opportunities through tokenized equities. Such regulatory issues may influence the strategies of tech giants. No significant shifts have occurred yet, but the material impact on the crypto market awaits further response from these companies. Tesla or Meta have made no public announcements on significant changes regarding tokenization strategies in response to these legislative proposals. Historical Context and Future Outlook In examining the historical context of financial regulation and crypto markets, past legislative proposals have led to increased scrutiny and market volatility. The industry’s future remains uncertain until the Act’s outcome is determined. Various financial and technological scenarios could emerge, shaping the long-term landscape of digital assets and underlying legal frameworks.
Trump Imposes Surprising 50% Tariff on Brazil as Crypto Market Reacts
US President Donald Trump has announced a 50% tariff on Brazilian imports, escalating tensions after a week of diplomatic strain. The new tariff will take effect on August 1. The announcement came through Trump’s social media channels in a formal letter addressed to Brazilian President Luiz Inácio Lula da Silva. In the letter, Trump cited “unfair trade practices” by Brazil and criticized the Brazilian Supreme Court’s handling of former President Jair Bolsonaro. He currently faces trial for inciting an anti-democratic coup attempt. That event led to the January 8, 2025, storming of the Planalto presidential palace in Brasília. Donald J. Trump Truth Social 07.09.25 04:17 PM EST Tensions between the two countries intensified earlier this week after Trump posted messages supporting Bolsonaro and criticizing the BRICS summit. He warned that any country aligned with what he called “anti-American BRICS policies” would face an additional 10% tariff. The move comes amid already heightened market sensitivity following today’s release of FOMC minutes. It showed most Federal Reserve officials favor rate cuts in 2025, with some open to easing as early as July 30. Shortly after the Brazil tariff news broke, Bitcoin pulled back from its new all-time high of $112,000, dipping to around $110,800. The crypto market, which had been buoyed by Fed rate cut optimism, showed signs of caution as global trade tensions resurfaced. This is a developing story.
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